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CNBC
Oct 2, 2012 7:00pm EDT
taxes in the middle class. it has been buried in the last four years. how in the lord's name. >> that is nodt a froidian slip. plus three stories that happen to break before the election. a leftist new york attorneyy general looking to bash banks and that is as phony as a $3 bill. also a judge strikes down pennsylvania's voter id law and the obama administration is telling companies it is okay to disregard the law when it comes to handing out pink slips in advance to big budget cuts. all three happening before the election. mitt romney has finally put meat on the bones of his tax reform idea. he floated the idea of a $17,000 cap on tax reform reduction. >> you could say everyone is going to get up to a $17,000 deduction. you can fill that bucket if you will and higher income people might have a lower number. >> this is brand new stuff. we have howard dean former vermont governor and candidate. and let's look at this for a second. what do you think? a $17,000 cap on tax deductions for everybody as a way of being fair because the upper end would pay more. what do you think? >> i don't have
SFGTV2
Oct 1, 2012 10:00pm PDT
to move our payroll tax to gross receipt tax and why? because by doing that we can create jobs in san francisco and keep people in san francisco . the kids are growing up and we want them to stay but we need jobs. i agree with mr. crowley with the police force and make sure that is fully staffed and i have been speaking to the police athletic league and they have a program to breen the teenagers to be interns in the police force and they would feed into the police cadet program. thank you. >> thank you sir. the next question the city's liabilities are projected to increase in the next coming year. s what new or increased fees should it institute and i will repeat the question and we will begin with mr. crowley. >> i would say that one of the bigger things that we will have before us is the gross receipts tax check that norman talked about trading from the payroll tax which is punitive. the next thing i would do is increase the foot print on mos sony center and that brings in a lot of money to the general fund and erect a multi-purpose area and bring in more money to the coffers an
CSPAN
Oct 2, 2012 12:00pm EDT
the urban institute for a discussion on the scheduled tax increases the percent to hit in january, including the end of the bush era taxes, payroll tax holiday hikes and invested in come also. a new tax policies and to report says nothing is done. average marginal tax rates would go up by five percentage points on labor income, seven points on capital gains and more than 20 points on dividends. along with more than a trillion dollars in budget cuts. also starting january or known as the fiscal cliff. it should get under way in just a moment. [inaudible conversations] >> good afternoon, and welcome to the urban institute's first tuesday. my name is howard gleckman of the tax center blocks and we are here to discuss taxes in the fiscal cliff. as you all know, washington lives everything that happens here is the biggest or the worst were the most important. how many times for instance have you been told some politician is about to give the speech of his life until he gives the next speech. the tax armageddon has the potential to actually be a watershed in the fiscal policy. true it c
CSPAN
Oct 2, 2012 10:00am EDT
years ago when you're in the position to buy your business, you needed a tax cut then. i want to make sure the plumber, said the nurse, the firefighter, it the teacher, the young entrepreneur who does not have money, i want to give them a tax break now. not only did 98% of small businesses like less than to under $50,000. i also want to give them additional tax breaks because they are the drivers of the economy. >> we need to spread the wealth around. in other words, we're going to take joseph money, give it to signature obama and let him spread the wealth around. the whole premise behind the plans are class warfare, but spread the wealth around. i want small businesses that would receive an increase in their taxes. why would you want to increase anybody's taxes right now? these people are going to create jobs unless you take that money for him and spread the wealth around. i am not going to do that. >> number one, i want to cut taxes for 90 5% of americans. it is sure my friend and supporter warren buffett could afford to pay a low tax. in order to give taxes. then exxon mobil which
CSPAN
Oct 2, 2012 5:00pm EDT
here. -- thanks, everybody. as howard mentioned, a big report about the tax components of the fiscal cliff and what the effects could be on american households. i want to make five basic points that we raised in that study. the fiscal cliff really is big. it would be more than $500 billion in a tax increase. this works out to a tax increase of more than 20%, which is very large. looking at whether this would be the largest tax increase in history. for the average household, that works out to about $3,500. someone who earns around $50,000, it would be somewhere in the neighborhood of $2,000. the second point is it affects virtually everybody. close to 90% of households would see their taxes go up. there are a few folks out there, primarily older seniors and citizens who do not have children who might not be affected, but the vast majority of american households would be affected by going off of the cliff. the first order for business is running through what the effects will be. those of you in the room have a handout that summarizes things. those of you at work and at home shou
MSNBC
Oct 2, 2012 2:00am EDT
to end it or, for that matter, those two. to finance a big across the board tax cut but not tell us how. not what big across the board deductions he'll deny people in order to pay for it or even what taxes he's been paying himself over the years. or how he'll finance all those popular things in the president's health care plan once he kills the plan itself. lots of secrets. secrets because he himself has no earthly idea what the answers are. i'm joined by democratic strategist bob shrum and salon's joan walsh. first, however, we have two new national polls on the presidential race. let's check the "hardball" scoreboard. according to a new "washington post"/abc news poll, president obama has a two-point lead holding there, 49%/47%. same score in the new politico poll. obama by two, 49%/47%. "the new york times" this weekend reported on the two campaigns' ongoing debate preps. here is what they said about romney's prep. quote, mr. romney's team has concluded that the debates are about creating moments and has equipped him with a series of zingers he's memorized and has been practicing
MSNBC
Oct 2, 2012 1:00am EDT
ryan says they don't have enough time to explain how they will change your tax deductions, like your home mortgage tax deduction, in the romney/ryan tax plan. not enough time. they can't even say if you will pay more or less with their tax plan. well, mitt, i'm sure president obama will give you as many of his minutes as you need to explain it all in wednesday night's debate. >> mitt romney needs a great october. >> we know romney needs a great october. >> to change the course of this campaign. >> the final push is on. >> just days away from the first presidential debate. >> both candidates cramming for the first debate. >> everyone trying to lower expectations. >> franticly spinning to lower expectations. >> president obama is an experienced debatetor. >> i'm just okay. >> almost everyone seems to be muting enthusiasm in trying to undersell thvernlths is mitt's first time. >> i don't buy that. >> chris christie is taking a different tack. >> we have a candidate who is going to do extraordinary well on wednesday night. come thursday morning when we get to thursday morning, the entire
CBS
Oct 1, 2012 5:30pm PDT
is on cbssf.com. warning today of sharply higher taxes and worse unless washington comes up with a sudget deal. on cou think the united states would go back into recession? inthead of the international monetary fund paints a dark oncture. wyatt andrews and anthony mason on today's threats to the recover. thr the first time we'll take you inside this secret u.s. facility. bob orr shows us where they track terror suspects worldwide. and jim axelrod with a young soccer player who's replaced a missing leg with gallantry on the field. >> i just want to be seen as an equal. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening, and we could add happy new year, because this is the first day of the federal government's new fiscal year. but there's not much to celebrate because the nation is headed toward what's being called the fiscal cliff and there are dire new warnings today about what will happen to american families unless congress and the president reach a budget deal by december 31. that is the day that a series of tax cuts will expire
CSPAN
Oct 1, 2012 11:00pm EDT
frame we would manage the cut and spending and tax increases and in investments, we need do all three. we need to tax, cut, and invest in the source of our strength. i think that would have a huge effect. i think americans today feel in many ways like children of two divorced parents. i think it's a pal in the country in a lot of ways. it would be huge. if we got a grand bargain on energy how to exploit the boundary of -- i think the two together would have a huge impact. so the question is how close are we to that? and, you know, i have a saying about the middle east which applies to the american politics. all important politics happens the morning after the morning after. >> when is that? >> here i'm talking about the election. here i think the question really is i don't know how the election is going come out. i make no prediction. i ask myself if romney gets smashed, if he gets smashed, it would -- i happen to think the political problem in the country we have a center left party and we have a far right party. that is a structure problem. the republican party has gone nuts i
Current
Oct 1, 2012 9:00pm PDT
that really gets fundamentally to the issue of taxes, at least for mitt romney. the romney memo says that mitt romney will not raise taxes on anyone and that he will deliver tax cuts for the middle class. sounds pretty good, but the brookings tax policy center took a look at this issue, and here is what they found. under mitt romney 95% of americans making under $200,000 would have a tax increase averaging $2,000 while the wealthiest americans would see tax cuts of up to $86,000 per year. and his claim that he can give the wealthy those tax breaks and still close the deficit, that claim is mathematically impossible according to the tax policy center. romney's fuzzy math has put his surrogates in a bit of a tough spot. here is paul ryan trying to explain the impossible on fox us in yesterday. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away deductions. and we'll get to that. the first half lowering the tax rates does that cost $5 trillion -- >> no. >> you haven't given me the math. >> oh, it would take me too long to go through the
FOX News
Oct 2, 2012 4:00pm EDT
cannot balance the budget on the backs of the unemployed and the poor. that is where a flat tax comes in. it allows attraction of the capital abroad. sam nunn was correct, you have to cut government spending. that has to happen, especially entitlements where you pay people not to work. there are other ways of bringing the debt down. cool ones. for example, how about a federal state, local, tax amnesty program? there are a lot of people in the underground economy that would be brought above ground with amnesty program. i estimate a federal, state and local tax amnesty program would raise about $800 billion in 90 days. you can also sell some assets off. camped person -- camp pendleton is 500 square miles in california. why not sell it? >>neil: my point, when you say it is too big to handle, you are missing the point, you cannot cut $16 trillion debt but you can boom your way from it. we are losing sight and what bill clinton learned in 1993, 1994, if you present a plan that looks credible like you want to reverse the direction, sometimes that creates a boom in and of itself and inspires co
SFGTV2
Oct 1, 2012 11:00pm PDT
number one tourist attractions in the united states. it generates $9 million tax revenue a year and the buddhists say in heaven and hell is on everyday. you come into the city, can you go church and come out and go to westportal and get a ticket. i think that is morally wrong and gouging and gouging and eventually it's just bad pr and for the generating 2.5 million dollars on this budget it's senseless and it's just more government putting the throats -- putting the boots on the throat of the average day citizen. >> all right. thank you sir. mr. yee. >> so let's face it. let's not make our parking meters the atm for the city. i mean we really need to support the notion that we don't want meters to operate on sunday, especially in our district, district seven. the business corridors need access to customers and when you charge on sundays and parking meters the same people shopping and at restaurants they're going to go somewhere else. they're going to go to stonestown and the malls and if you believe in the small businesses in the community then we need to support the notion that we're n
Current
Oct 2, 2012 4:00pm PDT
really defend his own position, his tax plan is a gigantic win for the rich. he doesn't care about 47% of the country, and the list goes on and on. i would go on the offense. how do you go on the offense against president obama? you can't attack him from the right wing position, because obama is center right any way. and you can't go further right or you would like crazy. i would attack him from the left. you say, mitt romney is not the progressive, you're right. who cares. the media is not going to call that out. if mitt romney did a full attack on president obama from a progressive perspective, that would actually work, and he would get to say i care about the middle class this guy obviously doesn't. how would he do it? let me show you the numbers, we have 8.1% unemployment. if you add in the 8.2 million under employed, and the 2.5 million people who say they would love a job but are discouraged and not looking any more you actually got 23 million people in this country who want a job and who can't get one. i say, president obama what did you do? you said you're for the middle cl
FOX News
Oct 2, 2012 2:00am PDT
report detailing massive waste of tax payer money leading to the resignation of a top veteran's affair official. stepping down after the inspector general report revealing last year costs $6.1 million. >>> some of you i know are wondering what someone like me is doing in a place like this talking to people like you. what i don't know -- >> this spoof of the movie patton was produced just for that event. it had a price tag of 50,000 dollars. in addition the conference org nierzs gave themselves 43,000 in bonuses. an amtrak train derails after it collides with a tractor trailer. 20 people were hurt. the train was headed from oakland to bakers field that's when the truck through right through the gate. passengers were tossed around including a new born baby. >> the seat in front of us was ripped out and fell on top of him. i had to lift the seat up and i found him in his car seat. >>> a thank goodness none of those were life threatening. crews hope to have it up and running soon. >> 8 planes were pulled out of commission to inspect them. the plane forced to turn around and then return bac
CSPAN
Oct 2, 2012 6:00am EDT
united states senate. they have said enough spending, enough in debt and enough taxes on the middle-class. we have made changes here in the state of nebraska that grows this economy. that is why i am running for the united states senate. they want a change of leadership in washington. we have a senate in washington that hasn't passed a budget, let alone a balanced budget. we can change that. that is why i am running for the united states senate. i want to pass a balanced budget. i'm not your usual politician. obviously i am not one of the good ole boys, and i will make the tough decisions in the united states senate. we'll roll up my sleeves and work hard for you, and i will fight for you. i will fight for all people. thank you. >> thank you. now the opening statement from former nebraska governor and senator bob kerrey. >> i love nebraska. i was born here in lincoln. i went to lincoln northeast high school. i left nebraska, went to war and came home. i recovered from my injuries here in lincoln. i started a business that today employs more than 700 people. i have served you as your
NBC
Oct 2, 2012 6:00pm EDT
its fiscal kluck with soaring tax hikes for nearly every household in the country. >> it's a huge tax increase, much larger than we have seen. it's more than $500 billion for next year alone. >> upper-income taxpayers in the top 1% would see an average tax increase of more than $120,000. in the middle, they will be hit with about $2,000 more in taxes. most income taxpayers making less than $20,000 can expect to pay $400 more. >> the stroke of midnight december 31st, all of these will occur. will have a whole new tax world. higher taxes. warpers paycheck in january will be smaller. >> lawmakers not expected to do anything until after the election in november. >> is all or nothing? is there a chance they could survive partially? >> they still have to figure it out. there are some bush administration tax cuts all the way through the obama administration. what they're going to do is figure out they will renew some of them, let them expire. bottom line -- we will all feel the pain, it's just a question of how much. >> will be interesting to see if they discuss that in the debate might.
CSPAN
Oct 1, 2012 8:00pm EDT
why i am running. they said enough spending come out enough in debt, and enough taxes we have made changes that grows this economy, and that is why i am running for the united states senate. to change the want leadership in washington. we can change that. that is why i am running for the senate. i want to pass a balanced budget. i am not your usual politician. i'm not one of the good old boys pay ed i will make this tough decisions in the united states senate. i will roll up my sleeves, work hard for you, and i will fight for you. >> now the opening statement from bob kerrey. >> thank you. i love nebraska. i always have and i always will. i was born here in lincoln. i left nebraska and went to war and came home, and i recovered from illness in the lincoln. i started a business that employed more than 700 people. i served as your governor, balancing our budget, and i left after four years and went back to business. i served as your son that -- as your senator, and again we balance our budget. i am a candidate for congress for the senate because congress needs to change, and i will f
SFGTV2
Oct 1, 2012 8:30pm PDT
johnson, if the city needs to generate new revenue to balance its budget, what new or increased taxes or fees should it consider? çk w miss breed, mr. everett and mr. johnson. >> london breed. i think part of what i see is a lot of waste and i also see a lot of very high salaries. i think we need to start by making sure, for example, when not going to pay for bottled water and that saved the city millions of dollars. i think we need to start looking at things, like cutting the costs on the number of vehicles we use, gas and some of the basics in order to save revenue in that capacity. we also need to look at the salaries. i know that we, as members of the board of supervisors, that is a little bit more difficult, because we get into potentially micromanaging. but in terms of fees, there are a number of ways to look at new fees, but i do think that we need to manage what we have now in a responsible way before we start to open the door to new opportunities to increasing revenue for the city. >> thank you. mr. everett. >> what we need to do is stop raising revenue off the backs of peo
CSPAN
Oct 1, 2012 8:30pm EDT
what happens to individual taxes if the bush era tax cuts expire. former congressional budget office director douglas holtz-eakin and other economists look at the issue. our live coverage from the urban institute here in washington, d.c. starts at noon eastern. >> every generation through our history has worked and sacrificed to leave a better country to their children and grandchildren and future generations. we, we were then spending their money, we are now even more, much more, spending their money, and we are leaving them a mess that will be a very difficult to deal with, and if we are that weak, just think of who wants to come here first and take us over. now, the last thing i ever want to see is to see our country taken over because we're so financially weak we can't do anything. >> uh-huh. >> and we're moving in that direction. we're on the edge of the cliff, and we have got to start fixing it now, otherwise we're leaving a disaster to our children and grandchildren in the future, and we could even lose our country. >> ross perot, interviewed by "usa today"'s richard wo
MSNBC
Oct 1, 2012 11:00pm EDT
choice. >> paul ryan was asked about the tax cuts for the millionaires proposed by romney and ryan's budget plans. he was a guest on fox news sunday with chris wallace and the vice presidential candidate made some missteps of his own. >> how much would it cost? >> it's revenue neutral. >> i'm just talking about -- the cut in tax rates. >> the cut in tax rates is lowered for all americans by 20%. it's revenue neutral. >> it's not unless you take away the deductions. we're going to get to that. the first half. lowering the tax rates. does that cost $5 trillion? >> no. >> the master of the power point was having a hard time making a point. let's break down what paul ryan is actually saying here. romney and ryan will give $5 trillion in tax breaks to the wealthiest americans. subtract an unspecified amount of money of unnamed deductions. somehow you're going to get a revenue neutral tax plan. it's a plan so bogus not even a fox news host can understand it. >> you haven't given me the math. >> i don't have the -- it would take me too long to go through the math. >> paul ryan, paul ryan, i
FOX Business
Oct 2, 2012 9:20am EDT
over ten years, and grover norquist for americans with tax reform is in d.c. you're our no tax guy and i want to draw your attention to one line in the story today and it will get the deficit reduction reached through revenue raising by an overhaul of the tax code. and is that code for tax increase which senate republicans could agree to? >> it's come to a tax increase, and senate republicans won't agree to it and the head of the ways and means committee in the house of representatives just made it very clear yesterday, there will be no tax increase this year by eliminating deductions or credit. and those politicians-- >> why do you think the times is floating this story? front page, top story of the day, compromise, here it comes on the budget, tax increases. >> for all of 2011 they told us that the simpson bowles gang of six were about any moment now to put in writing some budget deal that would raise revenue, they never say taxes, oddly enough, but raise taxes to get revenue and cut spending some way down the road, maybe they think about it. and that was-- they talked about that
Comedy Central
Oct 2, 2012 10:30am PDT
) just listen to chris wallace drilling ryan over romney's proposed 20% across account board tax cut. >> the obama camp says independent groups say if you cut those tax rates for everybody 20%, it costs $5 trillion over ten years, true? >> not in the least bit true. >> stephen: true, not true, who cares? (laughter) it's over ten years. romney and ryan will only be in office for eight of those. let president bachmann worry about it in 2020. that is what hindsight is for. but folks, just listen to this pit bull. >> how much would it cost. >> it's revenue neutral. >> i'm talking about the cut, we'll get to the deductions. >> the cut in tax rates is lower all american tax rate by 20%. >> how much does that cost. >> it's revenue neutral. >> stephen: okay, revenue neutral, chris. but for some reason wallace wouldn't take no answer for an answer. (laughter) jim? >> well, it's not revenue neutral unless you take away the deduction. >> let me just -- >> you haven't given me the math. >> well, i don't have-- it would take me too long to go through all of the math. >> stephen: great answer. (la
CNN
Oct 2, 2012 7:00pm EDT
want debates over you're going to raise taxes, you're not, 47% comments said at fund raisers. they want specific actionable items. >> the t-shop owner we spoke to, so frustrated about obamacare. she wanted new proposals put on the table. and it is heartening. these are folks who are undecided because they're taking their time to make up their mind and they're doing it as he had aggravate indicated voters. >> john avlon, thank you very much. >>> next, what should we expect president obama and mitt romney to say tomorrow night? are they going to take the advice of those swinging voters? well, officials from both campaigns, outfront. >>> plus, a lot ridinging on the debates and we're not talking about courting voters. we're talking about money. i mean incredible amounts of money. we'll be back. chevrolet malibu eco. ♪ sophisticated new styling, the fuel-saving intelligence of eassist, 37 mpg highway, and up to 580 highway miles on a single tank of gas. ♪ the all-new 2013 chevrolet malibu eco. ♪ it has everything to put you in the malibu state of mind no matter what state you liv
CNN
Oct 2, 2012 2:00am EDT
been running ads claiming that mitt romney's going to race taxes on the middle class. now, mitt romney has never made that claim. this is coming from a report making all kinds of arguments. and he's made all kinds of assumptions that the romney campaign has rejected. >> he's trying to close a lot of loopholes i know he doesn't want to close in order to make that true. >> also puts harvey rosen, you can also generate enough growth to avoid a middle class tax increase. there are a loft credible folks saying something else. it's a fact he's going to raise middle class tax. >> the obama campaign, david plouffe is a chris christie of the campaign saying their campaign is built on a tripod of lies and the president has said sometimes they just make things up. so it sounds like the democratic side is going to say, hey, liars. >> last i checked, isn't this called politics? you have lying all the time in politics. it is our responsibility to call folks out on it. on my tv 1 show, i have a segment called the biggest damn lie. it's the biggest one each week we hear in politics. >> that's g
ABC
Oct 1, 2012 5:00pm PDT
thousands of dollars in more in taxes in june. the policy center says average house will pay $3500 more per year in taxes if congress doesn't extend tax cuts. temporary cuts put in place since twun are set so-to-expire, all of them in january. that includes income tax and payroll taxes. congress could extend some are all cuts with a decision not expected until after electrics f you're an american express customer you may have money coming to you. the bank will refund $85 million to a quarter million customers because of what the government called deceptive practices. saying the bank charged late fees and discriminated against older consumers. officials said telemarketers promised a $300 reward that actually did not exist. and american express says it has cooperated fully with the investigation and correcting violations and the bank agreed to refund customers directly. >> wow. all right. thank you. >> sure. >> and outside today, snokin snoking -- smoking hot. >> there is a look at the forecast in october. >> i know. really. inland areas unseasonally hot today. coastal areas were warmer t
CNN
Oct 2, 2012 8:00am PDT
tied up between the president and mitt romney, specifically on taxes, look at this, the president with an eight-point advantage, 52% to 44%. interesting, republicans ushualy have the upper hand on taxes. >> that's a win so far. >> it's all about the economy and jobs, jobs, jobs. mitt romney with a six-point advantage there. and two of those probably coming up on wednesday night. what do you think? >> the jobs and economy are so segregated in people's minds anyway. wow, fascinating. what about overall, i like the guy, i don't like the guy? >> it's a huge factor. the president used to have a big advantage when it comes to likability, favorable ratings. take a look at our numbers from yesterday. 52% had a favorable rating of the president, mitt romney's not that far off at 49%. what about the wing man, joe biden 47%, paul ryan 46%. all kind of in the same range. >> how often do we poll about the wing man? i rarely see the actual numbers separated for the vice presidential candidate. >> they face off next week. more numbers on them. >> and just lastly, while we look at these polls and
MSNBC
Oct 2, 2012 10:00am PDT
. but when are -- >> no, no andrea -- >> specific. >> it is not a goal to end tax breaks for companies that move jobs overseas and incentivize them to come back and create a million jobs in manufacturingp. we've seen the greatest increase in manufacturing jobs in more than 20 years under this president. so we have a sense of what has to happen in order to bring those businesses back and create those jobs. those aren't goals. you know, reducing our dependence on foreign oil by increasing our domestic production incentivizing clean energy to create jobs and put people back to work, those aren't goals, those are plans to continue to move this economy forward. look, i also hope that mitt romney will take some of the time paul ryan didn't want to take in his interview this weekend and try to explain the arithmetic behind their budget. paul ryan said it would take too long to explain their budget plan. the problem isn't the time and explanation. it's the math that's involved to make the statements that mitt romney and paul ryan have said line up to being anything close to the truth. and i th
CSPAN
Oct 1, 2012 8:00pm EDT
tax revenue which, of course, they don't have now because we have the lowest tax revenue since 1950, or at least it's been a long, long time, and there are things that the federal government can work with the states. give the states the power to use the money the way they want to. i agree to a certain degree the federal government needs to get out of the way, but as far as providing block grants, that what the federal government should do. >> congressman cantor. cantor: again, i would just say that, wayne, you just mischaracterized my statements once again. i said i am for block grants. i think that the state ought to have control. i'm not saying that washington shouldn't give the states the money. yes, states should have the money from washington, okay? transportation is a governmental function. and, yes, we all believe that i think in the jeffersonian tradition of a limited government. and that's what we're trying to get to. and so, you know, you mentioned the lowest tax revenue and you didn't say since when, but i will tell you there's a reason for that. the reason is because we
MSNBC
Oct 2, 2012 4:00pm EDT
have given no details but have given a promise that they're going to reduce taxes by 20%, how does mitt romney deal with that tomorrow? what does he actually say that he has previously refused to say on explaining that? >> well, i think it's fascinating that they're treating mitt romney like he's the president and a lot in the media treat president obama like he's the challenger. what president george w. bush did when he was governor of texas is said i want to reduce taxes across the board and i want to make sure we have a balanced budget. he wasn't very specific during the campaign, and when he became president, he released a series of principles that went to capitol hill that said these are the measures that meet my -- >> here is the problem with that though, ron. people who have assessed his mathematics have deemed them to be completely impossible. michael, this is just in from mitt romney on how he'll pay for his massive 20% across the board tax cut. take a listen. >> everybody is going to get up to a $17,000 deduction and you can use your charitable deduction or your home mort
SFGTV2
Oct 2, 2012 6:00am PDT
, opportunity fund. excuse me. but just know that our office, we are in city hall in the tax and treasurer's office, and our office is www.sfgov.org/osb. we have some information on that. if you did not get one of our small business booklets and you want one, please take my card, e-mail me, and we will mail you one as well. immigrate. thank you, regina. for those of you looking to contact these organizations, you can find their contact information in the program you should have picked up when you sign in. for those of you who are prospective entrepreneurs, if we could limit the acronyms and talk more about what those acronyms mean. >> sounds good. thanks, mark, virginia, and leader pelosi for putting on this event, and for all that she has done -- thanks mark, regina , and later pelosi. we have been able to access resources through the sba and the cdfi fund which helps get money to small businesses in this time of need. opportunity fund is not a bank or a government agency. we are an independent nonprofit organization with a mission to provide capital to working people to help them earn, say
CBS
Oct 2, 2012 4:30am PDT
new report says nearly all americans will see higher taxes if congress fails to renew tax cuts set to expire at the and of the year. the two major parties are split on exactly who should continue to have reduced taxes. if a plan is not passed by the end of the year, the existing tax cuts will come to an end. the tax policy center says as for an example here a family earning 40,000 to $6,000 a year could see taxes go up by 2,000 in 2013. >>> the young man who was involved in deadly sniper a tax in the d.c. area is talking from prison. lee boyd malvo took part in the shootings that began 10 years ago today. 10 people in all were killed. malvo was 17 at the time and laughed about the shootings when he was arrested. now he is talking in a different tone from a virginia prison where he is serving a life sentence. i was a monster. i mean, if you look at the definition of a monster, that's what a monster is. >> malvo got a life sentence instead of death because jurors believed he was under his accomplice' control during the crime. >>> american airlines has engineers in new york checking t
FOX News
Oct 2, 2012 3:00pm PDT
focused on the economy and domestic issues. >> how they can justify raising taxes to the middle class has been buried the last four years. >> dramatic admission today about the president's first term from vice president biden. which gave republicans some predebate ammunition. though he charged bush policies are to blame. >> by the time we were elected they had eight years doubled the national debt. debt clock. doubled it. in addition to that, they had the slowest job private job growth since world war ii under this policy. >> another key debate topic, healthcare. romney is defensive about his massachusetts plan. today, the obama camp charged the promise to repeal the president's law will knock millions off the insurance. republicans are circulating a secretly recorded video of a recent meeting among local government officials here in henderson where the president is doing debate prep. officials discuss how implementing the president's law will cost city employees an extra $40 a month. >> a challenge beyond belief. >> in exclusive interview with fox in nevada, senator marco rubio says the
Current
Oct 2, 2012 6:00am PDT
supporting these tax breaks that they get, we are playing for these tax breaks. we need roads, police, et cetera, and as long as we allow them to pay 13% when they should be paying much more, they are taking health care away from children, that need -- the family can't take them to the doctor. they can't pay for utilities, et cetera, and so forth, and they need to understand, you know, once they get all of our money, they are going to destroy us. so they really need to change their attitude about what is going on here. >> stephanie: yep, i hear you honey. [♪ "world news tonight" theme ♪] >> stephanie: sometimes i'm distracted by headlines while i'm talking. michele bachmann, we must ban filafel in school lunches. >> scarborough: oh, sweet jesus! >> stephanie: she claims that that and other foods of that origin should be removed from school lunches. >> stephanie: she may be beaten this time. wow, you would finally be rid of that [ censor bleep ] and her big gay husband. >> i have just been told by kobe at current that the filafel story was a parody. >> stephanie: oh, okay. she woul
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